Julie Morgan

after a 0.8% drop in its share price on Wednesday.

Wall Street analysts have noted that Alphabet's Gemini is quickly closing the gap with OpenAI's ChatGPT, which is currently the top AI model.

In addition, Alphabet is looking to challenge NVIDIA's dominance in the AI computing market with its custom tensor processing units.

But Apple has lagged its rivals in the AI race, and the iPhone maker has not made a major AI launch since it announced Apple Intelligence in 2024.

Now I have a few other articles that are trending on seeking alpha.

Nvidia is reportedly seeking full upfront payment for H200 AI chips in China.

Samsung is projecting a threefold increase in profit on the AI boom.

And a judge says that Elon Musk lawsuit against OpenAI will head to trial.

A couple of items to tell you about on our Catalyst Watch for the Day.

The ASCO Gastrointestinal Cancer Symposium will begin.

Some of the notable companies with abstracts or drug data presentations include Astellas Pharma, Alpha Tau Medical, Autonomix Medical, Renovo RX, and Bullfrog AI.

And Marks & Spencer is scheduled to release its Christmas trading statement.

On Wall Street at this early hour, Dow, S&P and Nasdaq futures are in the red.

Crude oil is up 1% at $56 a barrel.

Bitcoin is down 1.2% at $90,000.

Gold is down 0.5% at $44.30.

The FTSE 100 is down 0.3% and the DAX is up 0.1%.

Canadian solar is on our list of the biggest movers of the day pre-market.

CSIQ is down 6% after announcing a $200 million private offering of convertible senior notes due 2031, with an option for initial purchasers to buy an additional $30 million within 13 days.

And on today's economic calendar at 8.30 a.m., jobless claims.